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Magh Properties Incorporated

  • Charlotte, NC
  • Tax-exempt since Jan. 1991
  • EIN: 56-1702808

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$120 (2024)

Expenses
$13.9k (2024)

Total Assets
$384k (2024)

Total Liabilities
$480k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$120
Expenses
$13,876
Net Income
-$13,756
Net Assets
-$95,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $108
90.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $384,222
Total Liabilities $479,960
Net Assets -$95,738
Compensation
Key Employees and Officers Compensation Related Other
Anthony Scotto Di Carlo (Director) $0 $0 $0
Prince Johnson (Executive Di) $0 $0 $0
Coreen Marks (Vice Preside) $0 $0 $0
Jennifer Miracle (Director) $0 $0 $0
Malik Sarin (Secretary) $0 $0 $0
Maneet Singh (Director) $0 $0 $0
Donald Tate (President) $0 $0 $0
Jeff Zusi (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 27, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13
Expenses
$13,761
Net Income
-$13,748
Net Assets
-$81,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $391,943
Total Liabilities $473,925
Net Assets -$81,982
Compensation
Key Employees and Officers Compensation Related Other
Lisa Bass (Director) $0 $0 $0
Anthony Scotto Di Carlo (Director) $0 $0 $0
Prince Johnson (Executive Di) $0 $0 $0
Donald Lee Tate Jr (Secretary) $0 $0 $0
Coreen Marks (Director) $0 $0 $0
Kevin M Rose (President) $0 $0 $0
Jeff Zusi (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 31, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1
Expenses
$13,305
Net Income
-$13,304
Net Assets
-$68,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $404,388
Total Liabilities $472,622
Net Assets -$68,234
Compensation
Key Employees and Officers Compensation Related Other
Lisa Bass (Director) $0 $0 $0
Anthony Scotto Di Carlo (Director) $0 $0 $0
Prince Johnson (Executive Di) $0 $0 $0
Donald Lee Tate Jr (Secretary) $0 $0 $0
Coreen Marks (Director) $0 $0 $0
Kevin M Rose (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 25, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1
Expenses
$13,304
Net Income
-$13,303
Net Assets
-$54,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $416,435
Total Liabilities $471,365
Net Assets -$54,930
Compensation
Key Employees and Officers Compensation Related Other
J Marc Phillips (Exec Directo) $0 $63,455 $0
Lisa Bass (Director) $0 $0 $0
Coreen Button (Director) $0 $0 $0
Anthony Scotto Di Carlo (Director) $0 $0 $0
Dalisa Garrett Gailliard (Treasurer) $0 $0 $0
Scott Pion (Vice Preside) $0 $0 $0
Tami P Guerrier (Director) $0 $0 $0
Donald L Tate Jr (Secretary) $0 $0 $0
Kevin M Rose (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4
Expenses
$13,484
Net Income
-$13,480
Net Assets
-$41,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $428,529
Total Liabilities $470,156
Net Assets -$41,627
Compensation
Key Employees and Officers Compensation Related Other
J Marc Phillips (Executive Di) $0 $56,931 $510
Anthony Scotto Di Carlo (Director) $0 $0 $0
Scott Pion (Treasurer) $0 $0 $0
Tami P Guerrier (Director) $0 $0 $0
Donald L Tate Jr (Secretary) $0 $0 $0
Kevin M Rose (President) $0 $0 $0
David L Softley (Vice Preside) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 9, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5
Expenses
$13,512
Net Income
-$13,507
Net Assets
-$28,147
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $440,856
Total Liabilities $469,003
Net Assets -$28,147
Compensation
Key Employees and Officers Compensation Related Other
Kevin M Rose (President) $0 $0 $0
Scott Pion (Treasurer) $0 $0 $0
Donald L Tate Jr (Secretary) $0 $0 $0
Tami P Guerrier (Director) $0 $0 $0
Anthony Scotto Di Carlo (Director) $0 $0 $0
David L Softley (Vice President) $0 $0 $0
J Marc Phillips (Executive Director) $0 $64,882 $2,112
+ View more people

Document Links

990
Filed on Jan. 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4
Expenses
$13,509
Net Income
-$13,505
Net Assets
-$14,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $454,155
Total Liabilities $468,795
Net Assets -$14,640
Compensation
Key Employees and Officers Compensation Related Other
Kevin M Rose (President) $0 $0 $0
Scott Pion (Treasurer) $0 $0 $0
Donald L Tate Jr (Secretary) $0 $0 $0
Tami P Guerrier (Director) $0 $0 $0
Anthony Scotto Di Carlo (Director) $0 $0 $0
David L Softley (Director) $0 $0 $0
J Marc Phillips (Executive Director) $0 $75,592 $2,581
+ View more people

Document Links

990
Filed on Jan. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7
Expenses
$13,510
Net Income
-$13,503
Net Assets
-$1,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $467,456
Total Liabilities $468,591
Net Assets -$1,135

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7
Expenses
$13,168
Net Income
-$13,161
Net Assets
$12,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $482,167
Total Liabilities $469,799
Net Assets $12,368

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,205
Expenses
$13,167
Net Income
-$7,962
Net Assets
$25,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,198
99.9%
Investment Income $7
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $493,711
Total Liabilities $468,182
Net Assets $25,529

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,626
Expenses
$13,917
Net Income
$1,709
Net Assets
$33,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,593
99.8%
Investment Income $33
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $506,669
Total Liabilities $473,178
Net Assets $33,491

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,953
Expenses
$44,317
Net Income
$74,636
Net Assets
$31,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,593
13.1%
Investment Income $49
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$6,575
Net Inventory Sales $0
Other Revenue $109,886
92.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $541,494
Total Liabilities $509,712
Net Assets $31,782

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,594
Expenses
$39,932
Net Income
-$24,338
Net Assets
-$42,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,593
100.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $738,526
Total Liabilities $781,380
Net Assets -$42,854

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$19,402
Expenses
$38,541
Net Income
-$57,943
Net Assets
-$18,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,593
Investment Income $5
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$35,000
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $749,467
Total Liabilities $767,983
Net Assets -$18,516

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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